ORACLE DAT A SHEET
ORACLE PROJECT FINANCIALS
STREAMLINED AND SIMPLIFIED
PROJECT FINANCIAL CONTROL
KEY FEATURES
• Common standard for project cost
collection across all applications
• Streamlined import and processing
for project cost transactions
• Integrated across the enterprise with
Financials, Procurement, Time and
Labor, and Assets
• Single-click budget generation with
project plan baseline
• Prevent or approve excessive
spending using comprehensive
budgetary controls
• Microsoft Excel integration for
capturing project costs and budget
and forecast entry
• Control project commitments
• Embedded earned value metrics
• Streamlined integration with Microsoft
Project
• Real-time self-service reporting on
project financial information
• Trends and historical analysis for
project key performance indicators
• Analyze Project Performance Using
Oracle Smart View for Office
CLOUD
Oracle® Project Financials Cloud lets project-centric businesses stay
informed and in control with modern, enterprise-grade solutions that deliver
complete and integrated project financial management. With simplified project
planning, budgeting and forecasting, and standardized cost capture across
the enterprise, you can streamline your project financial planning processes
and cut administrative effort with faster project costing.
Exceed Project Goals with Best-in-Class Project Financials
Oracle Project Financials Cloud takes a user-oriented approach to the critical activity of
managing the financial and budgeting aspects of projects, leveraging the strengths of an
intuitive interface to provide simplified planning and budgeting for superior financial
control. It forms the core of the project lifecycle, supporting efficient project initiation,
while delivering full-function project planning, progress management, budgeting and
forecasting. A highly automated and streamlined project costing solution allows project-
centric organizations to capture and account for project costs and commitments from
across the Oracle Cloud applications as well as supporting third party integrations,
delivering standardized cost collection processes for expedited project costing and
timely visibility into validated expenditures.
Unprecedented Financial Control over your Projects
Managing the financial and budgeting aspects of projects is viewed as a thankless
administrative activity, often involving spreadsheets, and characterized by disconnected
processes and disparate systems. Oracle Project Financials Cloud delivers highly
automated planning and financial control processes with a focus on ease of use and
guided activities, while providing full-function capabilities.
Rapid and efficient project creation and development ensures the project team “hits the
ground running” with repeatability and accuracy supported by leveraging standards and
templates. The administrative burden of managing project budgets and forecasts is
eased through guided processes and a simplified user interface that shields users from
the complexity of the project financial planning process; and with the introduction of
budgetary control, commitments can be controlled automatically using budgets defined
in Oracle Project Financials Cloud. Lastly, the project progress and forecasting cycles
are designed to facilitate and encourage early corrective action to ensure that any
underlying issues are quickly remedied.

KEY BENEFITS
• Single source of project truth
• Gain visibility and control over project
resources and costs
• Support repeatability and accuracy by
leveraging standards
• Ease administrative burden of
managing project budgets and
forecasts
• Facilitate early corrective action
• Faster visibility into validated project
costs
• Accurate, rapid decision support
through unique real-time project
reporting platform
• Self-monitoring projects to free
project staff for more strategic work
• Decrease hours spent on reporting &
analysis
• Allow users to work in their tool of
choice
• Lower enterprise integration costs
• Close the books faster
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Bridge the Gaps in your Project Process
Oracle Project Financials Cloud streamlines processing with an emphasis on expediting
the flow of information between each step in the process, improving efficiency and
control. This facilitates better connections between phases of a project to form a
continuous, tailored, business process, and bridges the gap between project
management and financial control.
For example, as project plans are frozen, a working or baseline cost budget can be
generated automatically, at the level of detail that the project accountant requires, all
with a single click. As the project progresses and estimates of the remaining work are
recorded, users can easily feed this information back into the current project plan,
updating the planned quantities with the new estimates. When publishing progress, a
project forecast is automatically generated, with an option to automatically approve the
forecast. Budget and forecast revenue can also be generated automatically from a
project contract. Finally, the latest published progress can also be used by billing
specialists to improve the accuracy of revenue and customer billing.
Rapid and Accurate Project Plan Development
The core of the project is the project plan, determining the “what”, “when”, and “how”.
Project managers and administrators can rapidly develop the project plan using drag
and drop capabilities to create and move tasks within the plan. Users can assign
multiple resources to multiple tasks in a single action, or use mass editing capabilities,
including date cascade functions, to quickly apply the same changes to a group of tasks.
Full integration with Microsoft Project is delivered, allowing users to create projects,
maintain project plans, schedule resources and collect progress. The easy-to-use
integration provides a visual indicator keeping the user informed of the progress of the
synchronization process, and any issues encountered during the synchronization
process are clearly identified, along with recommendations for corrective action.
Simplified Project Budgeting and Forecasting
Developing the project budget and forecast has never been simpler or clearer. Budgets
and forecasts can be generated quickly and easily from the project plan or from existing
financial plans.
Figure 1. Project Budget Landing Page
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Mass changes can be made across a selected set of tasks and resources, adjusting
quantities, costs or rates by a percentage, to minimize data entry. Budgets can be
edited by tasks, or by focusing on resources, and by using a curve to spread resource
load assignments. Budget data entry can also be streamlined with personalized layouts
including the option to budget periodically, and users who prefer to manipulate their
budget or forecast in spreadsheets can work the way they want, with a smooth
integration to Microsoft Excel.

Ensure Project Success by Facilitating Early Corrective Action

As progress is collected it automatically rolls up the project for immediate visibility into
the impact. Both effort-based and cost-based physical percent complete progress can
be used, viewed and directly compared. Published progress can be compared across
different time periods at the project, task, or resource levels for a project, for easy and
intuitive access to the project progress history. Earned value is calculated automatically,
providing a more objective view of performance, and is presented immediately to users
embedded within the context of project progress capture, without having to navigate
away from the page to a separate report.

As remaining work estimates are captured during progress entry, project managers can
immediately see the impact of current and remaining work estimates on the forecast,
helping them evaluate the project status more easily and proactively take corrective
actions earlier in the cycle. Finally, project progress can be validated using analytical
tools to forecast the final outcome of the project, thus completing the project financial
planning and control process.

Standardized Project Cost Capture

Managing project costs is an administrative burden, whether your organization is billing
for project work, managing a capital asset project, or tracking internal project costs.
Oracle Project Financials Cloud allows you to manage project costs quickly and easily,
reducing your administrative overhead.

Oracle’s Project Cost Collection Center delivers a common standard for project cost
collection across all applications, through a consistent user interface for collecting costs
across other Oracle Cloud and third party applications, which is easily configurable by
end-users to meet business needs. Whether capturing costs for purchase requisitions,
purchase orders, expense reports or supplier invoices, the cost capture elements are
defined consistently across applications, while providing the flexibility to support the
needs of each individual document type, for example whether costs captured may be
billable or capitalizable.

Oracle Project Financials Cloud allows project accountants to work the way they like to
work and is optimized for their needs. Integration with Microsoft Excel provides a familiar
interface for capturing project costs with a smooth integration and data transfer to the
application, or project costs can be automatically imported from third-party systems.
Out-of-the-box delivered integration with Microsoft Project supports the pushing of
actual costs collected in Oracle PPM Cloud to the project plan in Microsoft Project.
Business user-configured rules control and regulate the types of expenditure which can
be charged against a project and are easily managed using optimized user interfaces.
Additionally, cost rate schedules for both labor and non-labor resources can be easily
maintained through a single simple user interface.

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One-Stop Project Costing Processing

A simplified process for importing, validating, pricing and burdening project cost
transactions from multiple sources reduces the administrative overhead and significantly
streamlines traditional cost processing. Project Managers and accountants can see fully
priced project costs prior to the expenditure items being accounted, allowing for a more
up-to-date view of the project status.

Intelligent Project Costing Work Areas

Costing work areas, designed with user productivity in mind, call out actionable items
and transactions needing attention. Real-time insight into any cost transaction
processing errors or capital asset transactions needing attention is proactively provided
to project accountants so they can be quickly resolved. While monitoring the financial
health of projects, project stakeholders can gain immediate access to key cost-related
information, including unplanned transactions, committed cost and actual cost, and
take immediate action to initiate cost adjustments.

Figure 2. Review and Adjust Project Costs

Innovative Project Reporting Platform for Real-Time Results

Traditional project systems allow for the input of data without the benefit of analyzed
actionable intelligence for key stakeholders. At the same time project managers are
under increasing pressure to provide reliable information for faster and more effective
decision making. Oracle Project Financials Cloud delivers a revolutionary approach to
help project-driven organizations keep pace and keep score through extraordinary
project performance insight. It allows project stakeholders to receive answers to critical
business questions and take action in real time, utilizing a multidimensional model at the
heart of the solution to deliver the right information at the right time.

The unique multi-dimensional project reporting platform – embedded inside Oracle PPM
Cloud and leveraging Oracle Essbase for industry-leading online analytical processing,

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ORACLE PPM CLOUD PRODUCTS
Oracle Project Portfolio Management
Cloud is a complete PPM solution that
includes the following products:
• Oracle Project Financials Cloud
• Oracle Project Contract Billing Cloud
• Oracle Grants Management Cloud
• Oracle Project Resource Management
Cloud
• Oracle Project Management Cloud
• Oracle Task Management Cloud
RELAT ED PRODUCTS
• Oracle Financials Cloud
• Oracle Purchasing Cloud
• Oracle Time and Labor for Projects
Cloud
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ORACLE DAT A SHEET
provides project managers with rapid and flexible project performance analysis
capabilities, based on live project transaction data.
Comparison of current and past project performance is easy through historical key
performance indicator trends, which highlight improvements or degradation in
performance and bring to attention projects with ongoing or escalating issues, along with
any trends you need to be aware of. Without leaving the dashboard, users can quickly
access the originating project transactions and immediately take corrective action. By
focusing on exceptions, project managers are freed up to focus on more strategic work.
Figure 3. Self-Monitoring Projects Alert you to Exceptions
With Oracle Smart View for Office you can access real-time transaction data and
generate reports to evaluate project financial performance, letting you view, import,
manipulate, distribute, and share data in Microsoft Excel, Word, and PowerPoint, as well
as leverage advanced features such as Smart Slice and Smart Query.
Eliminate Integration Costs and Close Your Books Faster
Oracle Project Financials Cloud is fully integrated with Oracle Financials, Purchasing
and Time and Labor Cloud solutions for comprehensive project financial management
and accounting. Integration with Assets supports the full lifecycle for capital projects to
accumulate costs for fixed assets to be built, installed or acquired, including asset
creation, cost capture, allocation and capitalization, asset adjustment and retirement
processing.
Integration with Oracle Procurement and Financials Cloud, including Purchasing,
Payables and General Ledger ensures end-to-end business process support including
cross-charges, commitments and streamlined project cost capture. Integration with
Subledger Accounting supports organization-specific rules as well as best-in-class
global accounting representations and currency treatments.
 ORACLE DAT A SHEET

Integration with Oracle Time and Labor Cloud allows the project team to quickly and
accurately create timecards to reflect the work performed on the project. Timecards are
fully validated and can be submitted for approval prior to being transferred to Oracle
Project Financials Cloud.

External Data Integration Services for Oracle Cloud

Oracle Project Portfolio Management Cloud offers External Data Integration Services
for Oracle Cloud to enable external data integration infrastructure and services. This
integration supports file-based data load from legacy or third-party applications to
batch interfaces on the Oracle Cloud, allowing you to import high volumes of data.

Complete Project Portfolio Management

Oracle Project Financials Cloud is delivered as part of the Oracle Project Portfolio
Management Cloud family of solutions, which are fully integrated with other Oracle
Cloud applications. Oracle Cloud Applications are completely open, standards-based
enterprise applications that can be easily integrated into a service-oriented architecture.

Oracle’s solutions work together for comprehensive project financial management,

including project budgeting, cost management, project contract billing and accounting,
so you can reduce processing time, eliminate integration costs and close the books
faster, leveraging the power of a single source of project truth.

Additionally, combining Oracle Project Financials Cloud with project execution solutions
including Oracle Project Management Cloud, Oracle Project Resource Management
Cloud and Oracle Task Management Cloud, delivers a powerful best-in-class business
flow across the full project lifecycle.

Oracle Project Portfolio Management Cloud dramatically improves the way project-
driven organizations and project professionals work, with social capabilities embedded
throughout to ensure secure consistent communication for the project team, wherever
they may be, for improved productivity and project delivery success.

CONTACT US
For more information about Oracle Project Financials Cloud, visit oracle.com or call +1.800.ORACLE1 to
speak to an Oracle representative.

CONNECT W ITH US

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